Basic Economics

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The bestselling citizen's guide to economics

Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations.

Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

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About the author

Thomas Sowell is the Rose and Milton Friedman Senior Fellow at the Hoover Institution. He is the author of dozens of books and the recipient of various awards, including the National Humanities Medal, Presented by the President of the United States in 2003.
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Additional Information

Publisher
Basic Books
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Published on
Dec 2, 2014
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Pages
704
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ISBN
9780465056842
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Features
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Language
English
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Genres
Business & Economics / Economics / Theory
Business & Economics / Government & Business
Political Science / Political Economy
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Content Protection
This content is DRM protected.
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Available on Android devices
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Eligible for Family Library

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